2026/1/31 Dollar/Yen, Gold, SP500, and Nikkei 225 Environment
USD/JPY↓Last Week↓
Monthly & WeeklyIn the long term, the uptrend (yen depreciation) has not broken, but it appears we have entered a phase of price range consolidation.
Daily & 4-hourAs part of price range consolidation, the daily price around the MA on the daily/weekly charts tends to be watched.
USD/JPY↓This Week↓
Monthly & WeeklyIn the long term, the uptrend (yen depreciation) has not broken, but it appears we have entered a phase of price range consolidation.
Daily & 4-hourIf the recent high is breached, it will be considered a buying dip; if not breached, the price range consolidation is expected to continue.
Gold↓Last Week↓
The general view is that the value of currency is falling, and gold remains a top buy. However, it feels a bit overheated.
Gold↓This Week↓
The view that currency value is falling and gold is a top buy remains the basic stance. The move to correct the divergence between currency value decline and gold price rise is underway, but the MA-supported pullback buying tends to be noticeable.
S&P 500↓Last Week↓
Monthly & WeeklyAfter bouncing off a trendline, the uptrend continues, aided by the drop in currency value, making for an easy-to-rally market.
Daily & 4-hourThe trendline has been broken, so consolidation is in focus, and a sideways move is likely to continue.
S&P 500↓This Week↓
Monthly & WeeklyAfter bouncing off the trendline, the uptrend continues, with a favorable environment for gains as currency value declines.
Daily & 4-hourThe latest high has been updated, so the sideways pattern may continue with upside potential.
Nikkei 225↓Last Week↓
Monthly & WeeklyContinues to rise from a double bottom breakout, and it appears to align well with a cleanly drawn trendline.
Daily & 4-hourUptrend continues, with price-range adjustment around the trendline, and a high likelihood of choppy horizontal movement.
Nikkei 225↓This Week↓
Monthly & WeeklyContinues to rise from a double bottom breakout, aligning with a well-drawn trendline.
Daily & 4-hourUptrend continues, price-range consolidation around the trendline, and the potential for continued sideways movement remains high.
The indicators in the attached image use the following indicators.
If you’re interested, please take a look.
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